The over-all point is that new technology will not necessarily replace old technology, but it will date it. By definition. Eventually, it will replace it. But it's like people who had black-and-white TVs when color came out. They eventually decided whether or not the new technology was worth the investment.

Summary

This quote emphasizes that new technology does not immediately render old technology obsolete. Instead, new technology simply puts a timestamp on old technology, indicating that it will eventually be replaced. The comparison to black-and-white TV owners deciding whether or not to upgrade to color TV highlights the process of individuals weighing the benefits and costs of adopting new technology before making a decision about its value and whether or not to invest in it.

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